Calculation of assessable value
This query is : Resolved
03 May 2013
How to Calculate Assessable value on Pharma product? and on which product Additional excise duty is levied????
Arun Kumar Singh
(Expert)
03 May 2013
Valuation of the goods will be the cost of Input, production cost and profile. If you have to cleared the goods on assessable value then duty will be payable on the transaction value. If you have to put the MRP on the goods then duty will be payable after the abatement.
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04 May 2013
Please would you provide me which goods coverred under mrp valuation and which goods covered under transaction valuation?
Arun Kumar Singh
(Expert)
04 May 2013
MRP is not put on the goods then goods will be cleared under the transaction value under section 4 of central excise act 1944.
04 May 2013
what are the goods covered under standard weight and measure act?????????????
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